Posted by: torontocondo | June 15, 2013

Toronto Condos High Level Of Unsold Units Concerns Bank

The Central Bank of Canada is concerned about the Canadian housing market and is taking special aim at Toronto Condos and the high level of unsold units.

The financial system appears to be sound at the moment but any shift in the demand for Toronto Condos could see Condominium prices plunge and that could spread to other segments of the Toronto housing market.

The Bank of Canada expects the current correction in housing to go smoothly but a risk still remains if there is a hike in interest rates , downturn in the economy and even difficulties in various countries in Europe.

View new and resale Toronto Downtown Condos for sale,rent.

Iris Li is a ReMax Condos Realtor specializing in Toronto Yonge Bloor Condos, Condominiums, Town homes and Lofts. Call now for a scheduled showing of these properties.


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